“Job growth in key commercial sectors and robust consumer demand led the CLI higher in the third quarter," said BCREA Economist Brendon Ogmundson." A rising CLI points to continued strength in BC commercial real estate activity in 2017."

Canadian retail sales rose 0.4 per cent in November, with 5 of 11 retail sub-sectors reporting gains. In BC, retail sales were up 1.9 per cent on a monthly basis, and were 7 per cent higher compared to one year ago. Through 11 months of the year, retail sales in BC are up a robust 5.8 per cent, the fastest annual rate of sales growth since 2007.